CopperWynd Resort in Fountain Hills closing its doors

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"Jewel of Fountain Hills"

CopperWynd closing - A high-end hotel known as the "Jewel of Fountain Hills" is closing its doors.

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FOUNTAIN HILLS -- It's only 10 years old, but a high-end hotel dubbed the "Jewel of Fountain Hills" is closing its doors, a casualty of the slumping economy.

Most of CopperWynd Resort will shut down most of its operations on Monday.

The upper level of the four-diamond resort's main building and all 32 of its European-inspired guest rooms will close until further notice.

CopperWynd's upscale restaurant, Alchemy, which re-opened with a new design in 1991, will also close.

The club components -- the spa, fitness center, tennis and pool areas -- will remain open to private members.

CopperWynd opened in 1999, and was No. 2 on an Arizona list in Cond Nast Traveler Gold List World's "Best Places to Stay" in 2007.

In a letter to resort members, manager Doug DeLong called the closing "unavoidable."

While looking at potentially expanding just five years ago, DeLong said the resort has since suffered from low occupancy and that the owners have covered a deficit for some time to try and forestall this move.

It's now known how long the report will be closed.

The Associated Press contributed to this report.